Informe de actividades trimestrales
Sharp Corp. Dirección/1 ENCENDIDO
€3.37
19:59 22/03/17
Artemis recursos limitados
("Artemis" o la "Compañía")
Informe de actividades trimestrales
Para el período que finaliza el 31 de diciembre de 2023
Destacados:
Osborne Joint Venture (ARV 49%, GRE 51%)
· Three diamond drill holes completed on the Osborne JV tenement including two at the Southern pegmatite trend and one at the Kobe pegmatite trend
· Assay results pending for drill samples with selected samples submitted for mineral identification analysis
· Pegmatite intersections up to 24.6m thick, c. 550m down dip of Osborne trend lithium pegmatite surface outcrops.
· Significant mineralised lithium rock chip samples reported on the Kobe and Southern trends included:
· 1.82 % Li2O (Sample 23GT20-509)
· 1.41% de Li2O (Sample 23GT30-531)
· 1.27 % Li2O (Sample 23GT20-505)
· 2.3% de Li2O (Sample No 23GT20-155)
· 2.4% de Li2O (Sample No 23GT20-232)
· 1.5 % Li2O (Sample No 23GT20-233)
Artemis Lithium Project (ARV 100%)
· Ground reconnaissance program under review. Work underway to target under-explored areas within 100% Artemis tenement E47/1746
· Pegmatitas previously identified with elevated levels of lithium-caesium-tantalum (LCT) and rubidium mineralisation to be the subject of further exploration
· Ground activities re-commenced late 2023.
Greater Carlow Project - Lulu Creek
· $82,500 of Western Australian State Government Exploration Incentive Scheme (EIS) funding received
· RC (reverse circulation) multi-hole drill program to be designed and implemented within first half of 2024
Sector empresarial
· $2.03m raised via equity placement (before costs)
· Cash balance of $1.56 million and ASX share investments of $3.2 million at 31 December 2023
· Approximately 167 million options outstanding with exercise price $0.025, with a number of option holders indicating intention to exercise
Figura 1 y XNUMX. Artemis Resources Lithium Project and Osborne JV Location Map
Osborne Joint Venture (Artemis 49% GreenTech 51%)
Three diamond drill holes totalling 1404m were completed with 1 hole located on the Kobe trend and two holes in the Southern pegmatite zone (Figures 2 and 3). The program was aimed at gathering stratigraphic and structural information relating to these pegmatite trends which will be used to refine a follow-up RC drill program anticipated to get underway in the first quarter 2024. Details of the completed drill program are as follows:
Identificación del agujero de perforación | Dirección del este | Norte | grado azmith | grados de inmersión | EOHm | Prospect |
23GTDD001 | 493160 | 7691875 | 176 | -40 | 810.2 | Zona sur |
23GTDD002 | 493509 | 7691879 | 195 | -50 | 279.2 | Zona sur |
23GTDD003 | 485941 | 7693630 | 10 | -40 | 315.1 | Kobe |
Figura 1. Sección transversal esquemática 23GTDD001
Figura 2 y XNUMX. Southern Trend Drill hole locations
Figura 3. Kobe Trend Drill Hole Locations
Further rock chip sampling confirmed the consistency of the Kobe lithium trend which now extends beyond 7.5km in strike length, including more than 1.5km on the Osborne JV ground. Significant mineralised lithium samples included:
· 1.82 % Li2O (Sample 23GT20-509)
· 1.41% de Li2O (Sample 23GT30-531)
· 1.27 % Li2O (Sample 23GT20-505)
Additionally, further rock chip sampling at the Southern lithium trend included significant mineralised lithium samples below:
· 2.3% de Li2O (Sample No 23GT20-155)
· 2.4% de Li2O (Sample No 23GT20-232)
· 1.5 % Li2O (Sample No 23GT20-233)
These results are further evidence of the consistency of the high grade lithium mineralisation on the Osborne JV tenement and provides the Company with confidence for the next phase of exploration activity.
Figura 4 y XNUMX: Lithium pegmatite zones across the southern area of the Osborne project with significant (>0.5%) Li2O rock chip assays reported
Artemis 100% Lithium Project
Exploration during the quarter was focused on the central portion of exploration licence E47/1746 where historic soils highlighted elevated lithium and associated pathfinder elements around the margins of the Andover mafic intrusive.
Figura 5 y XNUMX. Pegmatite evaluation area previously identified
Review of the previous work has been undertaken with the view to recommence ground exploration activity in Q1 2024. Some early stage ground work commenced late in 2023 with a small number of rock chip samples taken and submitted to the lab for assay. This work will continue early in 2024 and seek to expand beyond the originally mapped reconnaissance areas.
Proyecto Greater Carlow (ARV 100%)
Lulu Creek IP - Objetivo de oro
An Exploration Incentive Scheme (EIS) grant of $82,500 was received [from the West Australian State Government] during the quarter to assist with drilling RC holes at the Lulu Creek gold project. Through a previously conducted high-resolution dipole - dipole IP (induced polarisation) geophysics survey at Lulu Creek, high level chargeability anomalies that may represent disseminated sulphides within the exploration area were identified. Subject to further modelling and interpretation of the IP chargeability and resistivity bodies and a heritage survey across the prospect, drilling can be undertaken and is anticipated to be completed within H1 2024.
Figura 6. Anomalías de Lulu Creek identificadas a través de IP Survey.
Proyecto central de Paterson
No Activities completed during the quarter.
Forward Exploration Activity - Q1 CY 2024
Osborne Lithium Joint Venture: Once drill assay results have been received from the lab and assessed for QA/QC, they will be released to the market. Follow up drill programs can then be considered and implemented, with heritage clearances and programs or work already in place.
Additionally, Artemis will look to continue ground reconnaissance lithium exploration on its 100% owned tenements with a view to expand known mineralisation in the region.
Sector empresarial
Management Restructure
On 31 October 2023, Mr George Ventouras was appointed as an Executive Director of the Company. George has over 15 years' experience in the resources sector and has substantial experience in business development, corporate restructuring, listing and promoting ASX companies and marketing.
Mr Daniel Smith resigned as a director on 31 October 2023 and Dr Simon Dominy resigned as a Director post quarter end on 9 January 2024.
The Company appointed Mr Christopher Kelsall as a director of the Company on 9 January 2024.
Chris has over 30 years' international commercial and corporate finance experience, with leadership roles spanning business development, finance, strategy, transformation, operations, risk management and external stakeholder relations.
Chris holds degrees in Economics and Law from the University of Western Australia and a Masters in Finance from London Business School.
Recursos financieros
During the quarter, the Company successfully completed a placement to raise $2.03m before costs, through the issue of 112,777,777 shares at $0.018 each. In addition, the Company issued 67,388,884 options with an exercise price of $0.025 and an expiry date 9 March 2026. The Company is applying to the ASX to have these options listed.
Funds raised will be used for exploration at the Osborne JV, the Artemis 100% owned ground, the Lulu Creek gold project and for general working capital purposes.
The Company had cash on hand at the quarter end of $1.56 million. In addition, the Company has $3.2 million in ASX listed investments.
The Company paid $158k to directors during the quarter for salaries and consulting fees.
This report was approved for release by the Board.
Para más información comuníquese con:
Artemis Recursos Ltd | ||
George Ventouras, director ejecutivo |
| |
WH Irlanda Limited (Nomad & Broker) | ||
Antonio Bossi / James Bavister / Isaac Hooper | Tel: +44 20 7220 | |
Acerca de los recursos de Artemisa
Artemis Resources Limited (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a gold, copper and lithium focused resources company, with projects in Western Australia. The Karratha Lithium Project, the Osborne Lithium JV (Artemis 49%; GreenTech Metals (ASX:GRE) 51%) and the Greater Carlow Castle gold-copper-cobalt project in the West Pilbara; and, the Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrest's recent gold-copper discovery at Havieron).
Artemis también posee la planta de procesamiento Radio Hill, la única planta de procesamiento en la región de West Pilbara, a 35 kilómetros de Karratha.
Para mayor información por favor visite www.artemisresources.com.au
Information Relating to Previous Disclosures
23/08/2023 IP Survey Identifies New Gold Targets at Lulu Creek
5/10/2023 Multiple Pegmatites Discovered on Artemis 100% Tenure, Osborne Delivers Further High Grade Rock Chips Including 2.4%
30/10/2023 Further High Grade Rock Chip Samples - Osborne Lithium JV
6/11/2023 Drilling Commences at Osborne Joint Venture Lithium Project
8/11/2023 Artemis Receives Firm Commitments to Raise $2m
13/11/2023 Lulu Creek Awarded Exploration Incentive Scheme Funding
29/11/2023 Maiden Diamond Drill Hole Completed Osborne Joint Venture
21/12/2023 Diamond Drilling Complete West Pilbara Lithium JV
Apéndice 1
Schedule of tenements holdings at end of Q2. All tenements are in Western Australia
Vivienda | Proyecto | Soporte | Tenencia | Estado |
E47 / 1797 | Gran Carlow | KML No 2 Pty Ltd | 100% | Vivir en BCN |
E47 / 1746 | Cherrata | KML No 2 Pty Ltd | 100% | Vivir en BCN |
E47 / 3719 | Osborne | KML No 2 Pty Ltd | 49% | Vivir en BCN |
P47 / 1972 | Cherrata | KML No 2 Pty Ltd | 100% | Vivir en BCN |
M47 / 337 | cerro de la radio | Fox Radio Hill Pty Ltd | 100% | Vivir en BCN |
M47 / 161 | cerro de la radio | Fox Radio Hill Pty Ltd | 100% | Vivir en BCN |
E47 / 3361 | cerro de la radio | Elysian Recursos Pty Ltd | 100% | Vivir en BCN |
L47 / 93 | cerro de la radio | Fox Radio Hill Pty Ltd | 100% | Vivir en BCN |
E45 / 5276 | Paterson central | Armada Mining Pty Ltd | 100% | Vivir en BCN |
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